Eliot Community Human Services, Inc. 401(k) Review & Grade
Eliot Community Human Services, Inc. 401(k) Plan
Lexington, MAHealth Care & Social Assistance1,942 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$401Employer $ per active participant
$2,221Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$41.0MNet plan assets, end of year
$35,076Average balance per account
Score breakdown
- Employer generosity15.0 / 5030th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 24th |
| Employee saving | 45th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Eliot Community Human Services put in about $401 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.49% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $777,793 |
| Participant (employee) contributions | $4,311,755 |
| Other contributions (incl. rollovers in) | $298,587 |
| Administrative expenses paid from the plan | $186,307 |
| Investment advisory & management fees | $86,423 |
| Benefits paid out | $4,558,909 |
| Net assets, start / end of year | $35.7M / $41.0M |
| Active participants, start / end of year | 1,884 / 1,999 |
| Participants with account balances | 1,169 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aafcpas, Inc |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $99,884 reported compensation |
| Commonwealth Equity Services | $44,145 reported compensation |
| Global Retirement Partners LLC | $42,278 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929124251NAL0013862624001, received 2025-09-29, EIN 04-2316924, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.